Tag: Exchange

Gemini Expands Beyond US Borders Amid Regulatory Uncertainty With Upcoming Launch of New Crypto Exchange

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American crypto exchange Gemini is expanding its operations overseas as US federal regulators create uncertainty in the industry at home.  The exchange says it’s launching the Gemini Foundation, a non-US crypto derivatives platform that will initially offer customers with a perpetual Bitcoin (BTC) contract denominated in Gemini dollars (GUSD). Gemini says the platform will launch a GUSD-linked perpetual Ethereum (ETH) contract next amid plans to offer more derivatives products in the coming months. “Eligible customers will be able to trade both spot and derivatives products and execute all of their…

KuCoin Loses $22,000 due to Twitter Hack, Exchange Announces Reimbursement

KuCoin has assured all the impacted users that it would reimburse them the amount lost while also pledging additional security measures. In the latest development, the hackers managed to briefly breach the Twitter account of the crypto exchange KuCoin thereby causing the exchange users to lose more than $22,000. Earlier today on April 24, hackers took over KuCoin’s Twitter account for 45 minutes, promoting a fake activity. Although the incident was brief, KuCoin has acknowledged that it identified 22 such transactions in connection with the fraudulent activity, including that of…

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit – Economics Bitcoin News

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There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican politicians are willing to raise the country’s debt limit, but only if fellow lawmakers repeal the mandates on green energy and climate change in the Inflation Reduction Act. Debate Over Inflation Reduction Act Heats Up…

3AC founders’ OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group

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OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it. An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital. 1/ As we approach the launch of claims for our first estate, Celsius, we’d like to express gratitude to everyone who believed in our mission of helping 20M+ claimants.…

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey – Exchanges Bitcoin News

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Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities Faruk Fatih Ozer, founder and CEO of failed crypto exchange Thodex, was extradited to Turkey by the Albanian Ministry of Justice acting on the order of the country’s Supreme Court. A plane carrying Ozer landed…

Bancor’s new decentralized exchange Carbon is live

Bancor has just launched a new decentralized exchange, Carbon, bringing easier automated on-chain trading. Carbon is bringing unprecedented control and automation Bancor’s new decentralized exchange, Carbon, is now live and ready for traders to bring in their trading strategies. After losing investors’ trust, decentralized exchanges (DEXs) are regaining their preference over centralized ones. However, DEXs are not without their issues. One of these is the concentrated liquidity model that Uniswap V3 popularized. The model required liquidity providers (LPs) to provide liquidity in a continuous price range which can be high-risk…

Crypto exchange Roqqu receives South African approval to expand operations

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Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country’s fiat currency, the South African Rand, according to local media reports.   South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the African market. In a previous interview with Cointelegraph, the company ranked South Africa as a focal point for its growth plans, which includes reaching 5 million clients in 2023. Roqqu has its sights set on…